The Philippine gaming sector – including non-casino operations – produced gross gaming revenue (GGR) of PHP396.14 billion (US$6.61 billion) in full-year 2025, a 6.4-percent increase from the previous year.
The growth in revenues from the country’s online sector and the electronic gaming sector last year, offset the decline in earnings from land-based casinos, showed the data published on Thursday by the country’s gaming regulator, the Philippine Amusement and Gaming Corp (Pagcor).
The electronic and online segment generated PHP201.12 billion in revenues in 2025, up 30.0 percent compared with PHP154.66 billion in 2024. It encompasses e-bingo, e-games, bingo grantees and onsite and offsite poker, as per Pagcor’s classification.
Alejandro Tengco, chairman and chief executive of Pagcor, said in prepared remarks that the e-games and online gaming segment had “overtaken licensed casinos as the largest GGR contributor” in the country. The segment accounted for nearly 50.8 percent of total industry GGR in 2025.
Revenues from licensed casinos declined by 9.6 percent year-on-year, to PHP182.50 billion in full-year 2025.
Pagcor-operated casinos – under its network of Casino Filipino venues – brought in PHP12.52 billion last year, down nearly 21.0 percent from 2024.
Mr Tengco said the GGR tally in 2025 highlighted the growing significance of online gaming to the industry’s overall performance.
“The increase in electronic gaming revenues shows how the industry has evolved,” the Pagcor chief stated. “Online gaming is no longer a supplementary segment but has now become the leading driver of overall GGR growth.”
The regulator noted that the electronic gaming segment reported an increase in revenue despite an adjustment to reforms targeting the online sector and tighter rules on digital payments introduced during the third quarter of 2025.
In August, members of the Philippine Senate began discussing stricter regulation of the country’s online gambling sector. In October, Pagcor said it had witnessed a “sharp decline” in its income, which the regulator attributed to the delinking of online gambling platforms from electronic wallets (e-wallets) and a slight decline in the number of new players.
In his remarks included in Thursday’s press release, Mr Tengco said the adjustments in digital payment systems had been implemented to improve transaction traceability, protect players, and strengthen confidence in the regulated online gaming segment.
“The 2025 GGR performance underscores the importance of regulatory balance as the industry evolves,” he said.
Mr Tengco added: “Our objective is not simply to grow revenues, but to ensure that growth is sustainable, transparent, and compliant because of a stronger regulatory environment that supports the long-term stability of the gaming industry.”
